- unless economy is hit by a large external shock
- BOJ has already taken bold steps which should start boosting economy by summer 2015
- good chance that BOJ can meet its 2% inflation target in FY2016-17
- govt can declare end to deflation next year but BOJ should maintain QQE for most of 2017
Upbeat but cautionary assesssments from Kozo Yamamoto one of the architects of Abenomics and a leading member of the ruling LDP
Interviewed by Rtrs
USDJPY unfazed at 117.29 EURJPY 135.87
